TORONTO, May 29, 2014 /CNW/ - Temex Resources Corp. (TSX-V: TME, FWB:
TQ1) ("Temex" or "the Company") announces initial results from the
definition drill campaign on the Whitney Gold Project (the "Property")
located in Timmins, Ontario. The Property is held under a joint
venture in which Temex owns 60% and is the operator, and Goldcorp
Canada Ltd. ("Goldcorp", as manager and on behalf of the Porcupine
Joint Venture, a joint venture between Goldcorp Inc. and Goldcorp
Canada Ltd.) owns 40%.

Commented Ian Campbell, President and CEO of Temex Resources Corp.,
"These results are highly encouraging as they confirm our expectations
as to the continuity of the eastern portion of the 110 Zone, targeted
as the initial start-up for our advanced exploration program. We are
particularly excited to have near surface high grade mineralization
which gives rise to the opportunity for a low capital expenditure/early
start-up opportunity which is further enhanced by accessibility at the
bedrock surface and the premier location in the heart of the Timmins
gold camp."

The current program is focussed on the 110 Zone, located on the eastern
part of the Property, which was selected as optimal for advanced
exploration bulk sampling through a small open pit and due to
anticipated low capital and operating costs based on ease of access,
surface exposure and shallow dip. The purpose of the drilling is to
further define the geometry of the structure to a vertical depth of 50
metres in order to facilitate detailed engineering and geotechnical
work.

Twelve of the fourteen drill holes announced today intersected the 110
Zone quartz vein structure demonstrating excellent continuity of the
zone over the 110 metres of strike length tested. Holes TW14-327 to
TW14-330 intersected the zone east of the proposed pit and have
successfully extended the mineralization a further 50 metres to the
east starting at bedrock 12 metres below surface to a vertical depth of
45 metres where it remains open. Eight of the fourteen holes
intersected visible gold (Table 1) which is considered a high hit ratio
for the Timmins gold camp.

The 110 Zone, typical of mineralogy historically mined at the Hallnor
Mine, is comprised of sheeted extension vein stockworks accompanied by
quartz, sericite and disseminated pyrite alteration haloes. It is
ideally suited to open pit extraction due to its unique shallow 40
degree north dipping structure and shallow exposure at the bedrock
surface.

Drilling is ongoing and additional holes will be reported as results are
available.

Metallurgical Testwork

A 325 kg composite sample of drill core samples representative of the
Upper Hallnor high grade gold mineralization was prepared and shipped
to SGS Canada Inc. of Lakefield, Ontario for a comprehensive series of
metallurgical tests. The work will complement the studies required for
permitting and toll milling options under consideration. Previous
metallurgical work completed by SGS on lower grade material yielded
between 94% to 97% recoveries on gravity concentrate with gravity tail
cyanide leaching on calculated head grades ranging between 0.94 to 2.32
g/t gold respectively (news release February 27, 2013).

Whitney Joint Venture

Goldcorp has informed the Company that they will not be contributing to
the 2014 Work Program budgeted at $3.5 M. The program was unanimously
approved at a meeting of the management committee of the joint venture
in late January, and described in the Company's news release dated
April 8, 2014. As a result, Temex has elected to make cover payments
for Goldcorp's portion to date but may also now effect a modification
to the current program. Goldcorp's interest in the joint venture may
be reduced in accordance with the terms of the agreement.

Notes:
*Denotes visible gold in core.
Temex has implemented a quality control (QA/QC) program that includes
insertion of blanks, commercial standards and duplicate core samples in
order to ensure best practice in sampling and analysis. Drill core
samples are cut at Temex on-site facilities using a diamond saw with
the samples transported by Temex personnel in securely sealed bags
directly to Activation Laboratories (Actlabs) facilities in Timmins,
Ontario for preparation and analysis. Core samples are analyzed for
gold using fire assay on a 30 gram split with an ICP finish. Where
initial results exceed 3 g/t gold, a second assay is completed on
another 30 gram split using fire assay with a gravimetric finish. As
part of in-house QA/QC Actlabs inserts certified gold standards, blanks
and pulp duplicate samples. Random additional repeats are also
analyzed as required. Additionally Temex routinely inserts its own
internal certified gold standards and blanks. Results from all
internal QC samples and repeats are reported. Intervals reported are
core lengths. True widths are unknown at this time.

Table 2. Location details for drill holes reported in this release

Hole

UTM EastingNAD27 Z17

UTM NorthingNAD27 Z17

Length(m)

Azimuth

Dip

TW14-327

489525.4

5373615.7

60.0

158

-50

TW14-328

489525.4

5373615.7

72.0

155

-75

TW14-329

489514.6

5373602.7

57.0

155

-45

TW14-330

489514.7

5373584.7

45.0

155

-73

TW14-333

489504.3

5373578.5

57.0

155

-90

TW14-335

489487.4

5373567.5

36.0

155

-90

TW14-336

489447.7

5373581.3

51.0

155

-80

TW14-337

489446.9

5373559.1

36.0

155

-63

TW14-338

489436.6

5373559.3

42.0

155

-90

TW14-339

489432.4

5373567.4

60.0

155

-80

TW14-340

489431.6

5373549.8

36.0

155

-75

TW14-341

489425.6

5373559.7

51.0

155

-90

About Temex Resources Corp.
Temex is a Canadian based exploration company focusing on its portfolio
of precious metals properties in the world class mining district of
northeastern Ontario. Temex (60% interest) is advancing the Timmins
Whitney Gold Project, in partnership with Goldcorp Canada Ltd. (40%
joint venture interest; no back-in rights), and exploring the Juby Gold
Project (100% Temex).

The Whitney Property has a NI 43-101 compliant resources on the Upper
Whitney of 0.97 million tonnes at a grade of 7.02 g/t gold for 218,100
ounces of gold in the Measured category plus 2.3 million tonnes at a
grade of 6.77 g/t gold for 490,500 ounces of gold in the Indicated
category and 1.0 million tonnes at a grade of 5.34 g/t gold for 170,700
ounces of gold in the Inferred category at a cut-off grade of 3.0 g/t
gold (Note 1).

The Juby Gold Project has NI 43-101 compliant resources of 26.6 million
tonnes at a grade of 1.28 g/t gold for 1,090,400 ounces of gold in the
Indicated category and 96.2 million tonnes at a grade of 0.94 g/t gold
for 2,908,800 ounces of gold in the Inferred category, both at a
cut-off grade of 0.40 g/t gold (Note 2).

Temex also has a NI 43-101 compliant resource for tailings material on
its Gowganda Silver Project. The tailings piles contain a NI 43-101
compliant resource of 1.94 million tonnes grading 47.5 g/t silver for a
contained resource of 2.96 million ounces of silver in the Indicated
category (Note 3).

Information regarding the mineral resource estimate on the Juby Gold
Project is in the Company's news releases dated April 29, 2013 and
January 15, 2014 and the technical report filed on SEDAR February 26,
2014. The Mineral Resource Statement was prepared for Temex by
GeoVector Management Inc., Ottawa, Ontario in accordance with NI 43-101
by Joe Campbell, BSc, P.Geo., Alan Sexton, MSc, P.Geo., and Duncan
Studd, MSc, P.Geo., "independent qualified persons" as defined by NI
43-101.

Information regarding the mineral resource estimate in the tailings
piles located on the Gowganda Silver Project is in the Company's news
release dated June 8, 2011 and the technical report filed on SEDAR July
21, 2011. The Mineral Resource Statement was prepared for Temex by
GeoVector Management Inc., Ottawa, Ontario in accordance with NI 43-101
by Allan Armitage, PhD, P.Geol., Alan Sexton, MSc, P.Geo., and Joe
Campbell, BSc, P.Geo., "independent qualified persons" as defined by NI
43-101.

Forward-Looking Information:This news release contains forward-looking information which is not
comprised of historical facts. Forward-looking information involves
risks, uncertainties and other factors that could cause actual events,
results, performance, prospects and opportunities to differ materially
from those expressed or implied by such forward-looking information.
Forward-looking information in this news release includes, but is not
limited to, mineral resource estimates, and the development of its
projects as well as the timing related thereto. Factors that could
cause actual results to differ materially from such forward-looking
information include, but are not limited to, general business and
economic uncertainties, future mineral prices, uncertainties in mineral
resource estimates and adverse market conditions, as well as those
risks set out in the Company's public documents filed on SEDAR.
Although the Company believes that the assumptions and factors used in
preparing the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such information,
which only applies as of the date of this news release, and no
assurance can be given that such events will occur in the disclosed
time frames or at all. The Company disclaims any intention or
obligation to update or revise any forward-looking information, whether
as a result of new information, future events or otherwise, other than
as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.